8,000 companies will receive a fine of 500 euros per director from next week, in a first phase, because their beneficiaries are not on the register. In total, more than 80,000 companies and ASBLs are not in good standing with the UBO (Ultimate Beneficial Owner) register. About 11% are still not in compliance with the directory required by European directive in order to prevent money laundering or the financing of terrorism. After the 8,000 companies which will receive a fine of 500 euros per director, the ASBLs will then follow. Since the end of 2019, the UBO register must contain the names of the people who hold the reins of power in companies, non-profit organizations, foundations and simple companies. Companies and non-profit organizations are also required to update the information contained in the register in the event of a change concerning the beneficiaries.